February 8, 2024
The Department of Labor and Employment (DOLE) has issued the revised implementing rules and regulations (IRR) of the Republic Act (RA) 11360 or the Service Charge Law, which now covers a broader range of establishments, including hotels, restaurants, and entities operating primarily as private subsidiaries of the government. The term ‘service charge’ is clearly defined […]
January 3, 2024
It’s important to understand accounts payable because it’s not just a financial log; it’s a strategic tool. As a liability, accounts payable is a credit entry, representing the money your business owes to suppliers. When the balance is settled, a debit entry decreases the credit balance.
November 29, 2023
In the dynamic and often unpredictable world of business, regularly assessing your financial health is not just an option but an absolute necessity. Just as a ship’s captain relies on regular navigational checks to ensure a safe and successful journey, business owners need regular financial reviews to steer their companies toward financial stability and growth. […]
October 24, 2023
As the nights grow longer and Halloween approaches, small and medium business enterprises and startups must confront their own set of financial management scares. In the accounting world, these scares aren’t ghosts or ghouls, but they can be equally frightening if left unaddressed. That’s where CloudCfo comes in. As a tech-empowered leader in financial risk […]
August 10, 2023
Efficient Restaurant Accounting with CloudCfo: Boosting Financial Management for Philippine Restaurants
We delve into the F&B landscape in the Philippines–specifically in the restaurant industry– and explore why accounting is crucial in this thriving industry.
February 15, 2023
4 mins read
Accounting is a big part of successful businesses, and a key aspect of the process is journal entries. Learn what a journal entry is in accounting.
January 30, 2023
7 mins read
Income tax filing in the Philippines is a must. Check out this infographic to learn more.
January 24, 2023
5 mins read
SSS contributions have different types. This blog will walk you through those types and how to pay them via SSS online.
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Here are 9 common mistakes that businesses encounter when dealing with their accounting, bookkeeping and finance functions. We also identify what companies can do to make sure that these mistakes don’t happen!